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Gaming Innovation Group signs Heads of Terms agreement with Grupo Slots for the supply of platform and sportsbook services

George Miller

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Gaming Innovation Group signs Heads of Terms agreement with Grupo Slots for the supply of platform and sportsbook services
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Gaming Innovation Group Inc. (GiG) has signed a head of terms agreement with Grupo Slots LOTBA S.E, Argentina’s premier gaming and entertainment group, to enter the regulated City of Buenos Aires online gaming market. Grupo Slots is headquartered in San Luis, Argentina, and provides top-of-the-line entertainment and leisure services in more than 20 locations across Argentina, where it operates casinos, gambling & bingo halls, lottery, and also the online gaming website Jugadon.com in addition to hotels, restaurants and convention centers.

GiG will provide Grupo Slots with a full online turnkey solution, which includes the technical iGaming platform, Sportsbook, front end development, GiG’s data platform & GiG Logic. The minimum contract period will be 4 years with an automatic extension for one additional year and is based on a revenue share model in combination with set up fees. Signing of the final agreement is anticipated before the end of Q3 2020.

Argentina is regulating online gambling on a province by province basis, with expectations of licenses to be awarded to Grupo Slots for Buenos Aires City, anticipated to be the largest market within Argentina, in the later part of 2020 which will be followed by the online launch. H2GC estimates the total gambling market in Argentina to be worth EUR 352M, however only 7% is currently done online, therefore as an emerging market there is significant growth potential in the interactive space as the market adapts to online gambling, driven by regulation and growth of digital penetration. GiG is well placed to capture this market growth with a leading partner in Grupo Slots which already have a regulated online presence with Jugadon.com.

Group Slots has the vision to be the best entertainment and leisure option in the markets it serves and is a customer centric organisation with a focus on responsibility gambling. Therefore, GiG is partnering with not only one of the largest land based operators in the market, but also one that aligns to its own values and product offering.

Richard Brown CEO of GiG says: “I am extremely excited to partner with and onboard Group Slots. We see great potential in the regulated environments within Argentina as that market is in the early transformation from offline to online gambling, and to partner with one of the largest and premier land based operators in the market is great opportunity to showcase our product in the LATAM market while delivering the platform for online gambling transformation for Grupo Slots.”

Juan Ignacio Torres General Manager of Grupo Slots say: “We are extremely pleased to have reached this agreement with a company like GiG, an international company with extensive experience, which demonstrates a high level of seriousness and excellence in the field of online gaming. On our part, we also contribute 35 years of experience, innovation, infrastructure and knowledge of the Argentine gambling market, currently being one of the few operators with online gaming presence (www.jugadon.com). This agreement complements us and gives us a tool of quality and excellence to continue growing in this market with so much future potential.”

It is anticipated that the license application will be granted in Q4 of 2020 with go live shortly afterwards, therefore GiG expects a positive contribution from 2021 onwards.

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Neccton solution brings ultimate protection to PlayOJO customers

George Miller

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Neccton solution brings ultimate protection to PlayOJO customers
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Popular online casino and bingo site PlayOjo has announced the launch of Safe Mate, a tool based on Neccton’s mentor player protection system to help cement the company’s image as ‘the fair online casino’. The move brings the market-leading problem gambling identification tool to PlayOJO customers in Spain, Sweden and the UK.

PlayOJO – the fair online Casino and Bingo site, powered by SkillOnNet – is now using Safe Mate, which allows customers to track how much money they have deposited, how much money has been wagered and how much time has been spent on the site over the last six months.

The new tool, developed in collaboration with behavioural scientists and psychologists, tracks player data, detects risk patterns, changes in behaviour and flags signs of potential problem gambling. It acts as a Safer Gambling assistant for each player that visits the site and gives them a health score and friendly nod when their habits are changing.

In addition, Safe Mate allows players to compare what they think they have spent with what they have actually spent. And if a player is considered at risk, they are given personal feedback and tailored communications to help prevent problem gambling from occurring.

Dr Michael Auer, director at Neccton, said: “Yet another of Europe’s top casino brands have recognised the value of our software. It gives us great satisfaction to know that players are really being cared for by operators – and that those same operators recognise that a well looked-after player is one that can play for a longer time without developing unhealthy habits.”

Peter Bennett, Head of Brand at PlayOJO, said: “We are delighted to partner with Neccton to offer our players this state-of-the-art new Safer Gambling tool. We pride ourselves on being the fair online Casino and Bingo site and will continue to find new innovative methods and tools to help promote safe play for our customers.”

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Central Europe

ZITRO’S LINK KING IN “AVANT-PREMIÈRE” IN SWITZERLAND IN NEUCHATEL CASINO

George Miller

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ZITRO’S LINK KING IN “AVANT-PREMIÈRE” IN SWITZERLAND IN NEUCHATEL CASINO
Reading Time: < 1 minute

 

Zitro’s popular Link King arrives at the prestigious Casino Neuchâtel, in Switzerland, being the first time that this product, which has generated a global impact, has arrived in the Central European country.

Thierry Berne, Head of Operations at Casino Neuchâtel, expressed his satisfaction at including Link King in their entertainment offer: “We are delighted to be the very first Casino in Switzerland offering Link King, as we know of the success of this product in other European casinos, and at Casino Neuchâtel we always seek to offer the best to our customers”.

Nadège Teyssedre, Sales Director for EMEA at Zitro, added: “We want to congratulate the Casino de Neuchâtel on its recent reopening. Casino Neuchâtel is a renowned establishment in Switzerland and throughout Europe, and we are extremely pleased and proud to see that Link King is being received with so much enthusiasm by its customers. I would like to thank the entire Casino Neuchâtel team for their trust in Zitro, and we hope this will be the first of many other future installations that will allow us to bring more of our incredible games to Swiss players.”

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Industry News

FDJ Reports 5.2% Rise in Revenue in Q1 2021

Niji Narayan

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FDJ Reports 5.2% Rise in Revenue in Q1 2021
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French gaming giant La Française des Jeux (FDJ) has reported a year-on-year rise in revenue and stakes during its first quarter, despite continuing restrictions on retail activity related to the novel coronavirus (Covid-19) pandemic.

Total revenue for the three months to March 31 amounted €537.6m, up 5.2% from €511.2m in the same period last year. Gross gaming revenue was up by 5.1% year-on-year to €525.9m, while revenue from other activities jumped 10.7% from €10.6m to €11.8m.

FDJ said the rise in revenue was driven by an increase in stakes, with players spending a total of €4.6bn, up 11.8% from €4.11bn in Q1 of last year, despite the operator facing longer restrictions related to the pandemic than the same period in 2020.

However, despite the limitations, player spending was up across all areas of the group, most notably in sports betting, where stakes hiked 46.1% to €1.1bn, helped by the return of the traditional sports calendar after disruption in the latter part of Q1 2020.

Lottery remained FDJ’s main source of income with stakes here rising 3.8% to €3.46bn, or 10.0% when excluding the Amigo game, which is offered in bars. FDJ said the closure of bars and other Covid-19 measures had a significant impact on Amigo, with stakes down 50%.

Draw-based game stakes were up 2.6% year-on-year to €1.3bn, while instant games stakes also increase 4.6% to €2.1bn

In terms of where customers were gambling, land-based operations remained the most popular source, with stakes here rising 5.7% to €4.0bn, despite the restrictions. Digital stakes jumped 64.7% to €1.4bn as more players turned to online during the quarter.

Players won a total of €3.20bn gambling with FDJ during the quarter, up 13.7% from €2.81bn in the same period last year. This left €1.40bn in gross gaming revenue and after paying €915.7m in public levies, revenue stood at €537.6m.

“Despite the enduring impact of the health situation on the environment, the first quarter confirmed the good trends in our business, with stakes exceeding the levels recorded before the crisis,” FDJ chairwoman and chief executive Stéphane Pallez said.

“After reaching almost 10% of our global stakes in 2020, digital stakes continue to grow at a strong rate whereas our network activity is maintained. The events program for lottery and a busy sporting calendar, including Euro 2021 in football, should allow this momentum to continue in the months to come.”

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